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Questions and Answers
Which of the following is NOT a key differentiator between retailing and shop keeping?
Which of the following is NOT a key differentiator between retailing and shop keeping?
- Native intelligence (correct)
- Systems and Processes
- Brand building
- Customer Acquisition
What is the main focus of retailing?
What is the main focus of retailing?
- Expanding to international markets
- Shop keeping
- Aggregating volumes and managing the supply chain efficiently (correct)
- Building an online site or mobile app
What is the characteristic of international retailing?
What is the characteristic of international retailing?
- Increasing globalization due to different behavior of consumer groups
- Central control driven by excellent systems, processes, and information flow (correct)
- Expanding to markets with different consumer groups and consumption patterns
- No need to consider legal, fiscal, socio-economic, and cultural factors before expansion
What are the enablers of international retailing?
What are the enablers of international retailing?
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What are the key factors to consider before expanding into international markets?
What are the key factors to consider before expanding into international markets?
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